NIFTY TRADE STEUP -SGX NIFTY IS SHOWING A NEGATIVE START OF AROUND 80 POINTS
-NOW 10200 BECOMES A CRUCIAL SUPPORT
-INDEX HAS STARTED TO TRADE IN A RANGE OF 10210-10350 RANGE
-RANGE WAS BROKEN IN INTRADAY ON THE UPSIDE
-VISIBLE IN A 30-MIN CHART
-"BUY ON DIPS" MARKET FOR ME WILL BE COLLECTIING LONGS IN MY JULY OPTIONS
-"MY STOPLOSS IS BELOW "10030"
-INDEX CAN GO SIDE WAYS OR BREAK THE RANGEBOUND MOVEMENT AND MOVE HIGHER
-TODAY WE HAVE A POSSIBILITY TO TEST THE LOWER BOUND OF THE TRADING RANGE
-A BREAK ABOVE 10388 WILL ALLOW US TO SEE 10440-10514
-PLEASE NOTE THAT THE TOP 10 WEIGHTED STOCKS IN NIFTY ARE SETTING UP ON THE LONG SIDE
-I FIRMLY BELIEVE THAT AFTER THE MORNING SLIDE WE WOULD SEE SOME STABLALIZATION IN THE MARKET
NIFTY RESISTANCE FOR THE DAY
10275-10350-10390
NIFTY SUPPORT FOR THE DAY
10225-10160-10070
!!PLEASE NOTE THE ABOVE INFORMATION IS FOR KNOWLEDGE ONLY!!
!!TRADE ACCORDING TO YOUR RISK PROFILE!!
!!SUGGEST OPTION TRADES TO NAVIGATE VOLATILITY!!
!!HAPPY TRADING!!
YELLOW LEVELS ARE CRUCIAL SUPPORT ZONES
READ OLD POST ON INDEX AND SEE HOW WE ARE POSITIONED IN THE INDEX
YELLOW LEVELS ARE CRUCIAL SUPPORT ZONES
Rangebound
BANKNIFTY TRADE SETUP BANKNIFTY TRADE SETUP -INDEX WILL OPEN POSITIVE
-YESTERDAY INDEX FOUND SUPPORT AT 20900
-OUR SUPPORT WAS PLACED AT 20870
-ON A 30-MIN TIME FRAME INDEX CREATED A RANGE
-RANGING FROM 21130-21630
-CRUCIAL SUPPORT PLACED AT 20870
-CRUCIAL RESISTANCE PLACED AT 21620
-21620 NEEDS TO BE CONQUERED AGAIN TO TEST HIGH LEVELS
-21960 WILL ALSO ACT AS AN CRUCIAL RESISTANCE LEVEL
-"BUY ON DIPS" IS EXPECTED
-"PLEASE NOTE RBI BOARD MEET TODAY"(11:00 P.M)
BANKNIFTY RESISTANCE FOR THE DAY
21630-21960-22070
BANKNIFTY SUPPORT FOR THE DAY
2130-21050-20870
!!PLEASE NOTE THE ABOVE INFORMATION IS FOR KNOWLEDGE ONLY!!
!!TRADE ACCORDING TO YOUR RISK PROFILE!!
!!SUGGEST OPTION TRADES TO NAVIGATE VOLATILITY!!
!!HAPPY TRADING!!
READ OLD POST ON INDEX AND SEE HOW WE ARE POSITIONED IN THE INDEX
BANKNIFTY RANGE DETECTED IN 30-MIN TIME-FRAMEBANKNIFTY TREND SETUP
-what is visible right now on banknifty is a rangebound movement
-where the floor is in between 19800-19700
-where the ceiling is in between 20630-20655
-if banknifty breaks 19700 on the next attempt
-banknifty may qualify for "triple top formation"
NIFTY TRADE SCENARIO
-avoid taking directional trade today as we have expiry
-wait for a break below 19700 or a break above 20650
-if we wait we will have a price target of atleast 800 points
-market might again range between 19700-20655
-wait for a range break
BANKNIFTY RESISTANCE FOR THE DAY
20240-20430-20620
BANKNIFTY SUPPORT FOR THE DAY
20040-19840-19740
Ethereum trading in range !!!After touching 289 ethereum has corrected quite well . A range can be seen in 240 chart which it is struggling to break . A breakout to any side can happen . One should trade only after breakout . If upward breakout happened one can buy for target of 302 and if downward breakout happened one can sell for target of 230 or 200 ema in 4 hrs. Triangle formation is getting narrow and breakout can happen anytime soon.
"ESCORTS ON THE WATCH" BULLISH TREND AHEAD "ESCORTS ON THE WATCH" BULLISH TREND AHEAD
VIEW:-
:-STOCK IS STOCK IN THE RANGE OF 640-676
:-BULLISH SIGNAL IS THE GOLDEN CROSSOVER
:-GOLDEN CROSSOVER HAPPENS WHEN THE 50-DMA CROSSES OVER THE 200-DMA FROM BELOW/OPPOSITE IS CALLED DEATH CROSS
:-POWERFUL SIGNAL
TRADE VIEW
DEC FUT
BUY @650-655
STOP@639
TARGET 1@676
TARGET 2@690-95
QTY:1100
CANARA BANK FINALLY BREAKS INTO OUR DESIRED RANGECANARA BANK FINALLY BREAKS INTO OUR DESIRED RANGE WHICH IS VISIBLE IN THE RECTANGLE PATTERN
SINCE THE RANGE MOVEMENT IS BACK IN PLACE AND THE PSU SECTOR IS SHOWING SIGNS OF MOMENTUM
WE ARE BULLISH IN CANARA BANK
BUT WOULD PREFER TO BUY ON DIP TOWARDS 215-213
TRADE VIEW
DEC FUT(26DEC)
BUY@213-215
STOP@210
TARGET 1@230
TARGET 2@245
LOT:2000
QTY:5
Wipro | Approaching Range bottom Wipro is trading sideways between 280 and 300 as we could see in chart. Currently the stock is in the lower bottom of the range making it an opportunity from Risk-Reward perspective to go long.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
AUROPHARMA* On the daily chart stock price has decisively broken out from its multiple resistance zone of 822 - 830 levels on closing basis and sustaining above the same.
* This breakout is accompanied with increase in volume which supports bullish sentiments ahead.
* The daily as well as weekly strength indicator RSI and the momentum indicator Stochastic both are in positive territory which supports upside momentum to continue in near term.
* Stock price is sustaining well above its 20,50 and 100 day SMA which supports bullish sentiments ahead.
* The above analysis indicate an upside of 864.50 - 881 with stop loss 800
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MCX* On the daily chart stock price has decisively broken out from its multiple resistance zone and symmetrical triangle on closing basis and sustaining above the same.
* This breakout is accompanied with increase in volume which supports bullish sentiments ahead.
* The daily as well as weekly strength indicator RSI and the momentum indicator Stochastic both are in positive territory which supports upside momentum to continue in near term.
* Stock price is sustaining well above its 20,50 and 100 day SMA which supports bullish sentiments ahead.
* The above analysis indicate an upside of 873 - 889 with stop 808
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